Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Has Average Price Target of $147.50 According to Brokerages

Insight Enterprises, Inc. (NASDAQ:NSIT) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $147.50.

NSIT has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Zacks Research cut shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price target on shares of Insight Enterprises in a research note on Thursday, August 6th. Barrington Research set a $180.00 price objective on Insight Enterprises in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th.

Insider Activity

In related news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Institutional Trading of Insight Enterprises

Several institutional investors have recently added to or reduced their stakes in NSIT. Integrated Wealth Concepts LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter worth approximately $32,000. Polaris Financial Partners bought a new stake in shares of Insight Enterprises in the 3rd quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd boosted its position in Insight Enterprises by 172.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after purchasing an additional 368 shares during the period. Farther Finance Advisors LLC boosted its position in Insight Enterprises by 35.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker’s stock valued at $53,000 after purchasing an additional 88 shares during the period. Finally, IFP Advisors Inc grew its stake in Insight Enterprises by 301.4% during the 2nd quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock worth $69,000 after buying an additional 425 shares during the last quarter.

Insight Enterprises Price Performance

NSIT opened at $161.37 on Friday. The company has a fifty day simple moving average of $154.07 and a 200 day simple moving average of $116.57. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 1.16 and a beta of 1.06. Insight Enterprises has a twelve month low of $63.62 and a twelve month high of $168.50. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the previous year, the business posted $2.45 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities research analysts expect that Insight Enterprises will post 11.5 EPS for the current fiscal year.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations plan, procure, implement and manage information technology. The company offers hardware, software, cloud solutions and related services from technology vendors, serving businesses, government agencies, schools and other institutions.

Its services include cloud and data center solutions, cybersecurity, managed services, digital transformation, modern workplace initiatives, software asset management and IT consulting.